@Tony ThomasIt will only cost you money for licenses, insurance etc.

As a home owner you can do almost anything you want to your home, it's your home!

As it's me to me, I wouldn't need title search and title insurance and such.

I would only suggest a property management company set up if you are not working for an employer and are interested in retirement account contributions + deducting health insurance costs.If you are already working for an employer who is providing a retirment account plan + subsidizing health insurance costs, in my opinion, no point in setting it up.

Do understand that you will have to pay mortgage insurance and the rate will be much higher then if you put down 20% or more. https://singlefamily.fanniemae.com/media/20786/display

IF you have a recorded mortgage and it was a normal sale handled by a title company and the buyer wanted title insurance then you would have had to be paid off and signed a mortgage release or a reconveyance deed.One way or the other if you want some constructive help you need to clarify what you actually did..

Inspections are very good for homeowner buying a primary residence because its a huge purchase in their life and they usually have little knowledge or experience, but many experiencedinvestors myself included feel confident that we will see most anything an inspector would. 

I’ve seen some long term options - as long as 25 years in one case, but it was concurrent with a triple net lease of the same length of time with the property being commercial.If the option is with a homeowner then you deal with consumer protection laws, Dodd Frank act, and CFPB.  

Hurricanes aren’t what’s driving up insurance rates in Florida.

Keep the funds away from your day to day accounts.Check your insurance.